Cresco Labs (CRLBF) Projected to Post Quarterly Earnings on Tuesday

Cresco Labs (OTCMKTS:CRLBF) is expected to be announcing its earnings results before the market opens on Tuesday, March 11th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $172.10 million for the quarter.

Cresco Labs Trading Down 7.0 %

Cresco Labs stock opened at $0.82 on Tuesday. The stock has a market cap of $400.27 million, a P/E ratio of -4.10 and a beta of 1.79. Cresco Labs has a fifty-two week low of $0.78 and a fifty-two week high of $2.60. The firm’s fifty day moving average price is $0.91 and its 200-day moving average price is $1.26. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.39 and a current ratio of 1.97.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CRLBF shares. Cormark cut shares of Cresco Labs from a “moderate buy” rating to a “hold” rating in a report on Monday, November 11th. Atb Cap Markets cut shares of Cresco Labs from a “strong-buy” rating to a “hold” rating in a report on Monday, December 9th. Finally, Roth Capital raised shares of Cresco Labs to a “strong-buy” rating in a report on Sunday, November 10th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, Cresco Labs has an average rating of “Moderate Buy” and a consensus price target of $2.50.

Cresco Labs Company Profile

Cresco Labs Inc, together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. It provides cannabis in flowers, vape pens, live resins, disposable pens, and extracts under the Cresco brand; vape carts, vape pens, flower, popcorn, shake, pre-rolls, shorties, and concentrates under the High Supply brand; vapes and gummies under the Good News brand; vapes and edibles under the Wonder Wellness Co brand; and tinctures, capsules, salves, and sublingual oils under the Remedi brand.